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Mutual Termination Letter
1. Date and Address Block: Formal letter heading including both parties' full names and addresses
2. Subject Line: Clear indication that this is a mutual termination letter
3. Confirmation of Mutual Agreement: Statement confirming both parties have agreed to terminate the employment relationship
4. Employment Details: Brief reference to the current employment (position, start date)
5. Termination Date: Clear statement of the agreed last day of employment
6. Final Salary and Benefits: Overview of final payment including regular salary, accrued holiday pay, and other standard benefits
7. Company Property: Statement regarding the return of company property
8. Confidentiality Obligations: Reminder of ongoing confidentiality obligations
9. Signature Block: Space for both parties to sign and date the letter
1. Severance Payment: Include when additional severance pay has been negotiated
2. Reference Letter: When parties have agreed on the provision of a reference letter
3. Non-Compete/Non-Solicitation: If existing restrictions need to be addressed or modified
4. Outstanding Bonus/Commission: When there are variable compensation elements to be settled
5. Share Options/Programs: If employee participates in any share schemes requiring attention
6. Pension Arrangements: When special pension considerations need to be addressed
7. Release Clause: Mutual release of claims when agreed between parties
1. Final Payment Calculation: Detailed breakdown of all final payments including salary, holiday pay, and other benefits
2. Company Property List: Itemized list of company property to be returned
3. Benefit Continuation Schedule: If applicable, details of any benefits continuing post-employment
4. Share Option Statement: If applicable, detailed statement of share options and their treatment
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